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    252 E Broad St Elyria, OH 44035

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    For Sale
    $450,000

    Turn-key medical office near University Hospital with ample parking.

    Property size:
    3,760 SF
    Lot size:
    0.39 Acres

    Property Features for 252 E Broad St

    General Information

    Size
    3,760 SF
    Lot size
    0.39 Acres

    Source: Cresco Real Estate | Cleveland Agent Alex Valletto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Medical Office Building

    This 3,760 square foot freestanding building presents an excellent opportunity for an owner/user, particularly for local or expanding medical users. The property features recent updates throughout. It is located in close proximity to University Hospital - Elyria Medical Center and offers significant parking with over 35 spots. The building provides easy access to I-80 (Ohio Turnpike), State Route 57, and State Route 20.
    Insight Report Location Intelligence

    Current Use by Public Records

    Marcia Warren, MA Speech Pathologist E.N.T. & Allergy Health ... Otolaryngology Clinic Prime insurance agency Insurance Agency Relief Insurance Service Insurance Agency

    Suggested Use

    Law Firm Restaurant Hair Salon Nail Salon Gym & Fitness Building Supply Daycare Center Auto Repair Shop Kitchen & Bath Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1065016
    Latitude
    41.4317144

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    FAQs

    What type of property is this?
    Medical office - Turn-key medical office near University Hospital with ample parking.
    Where is this medical office located?
    The property is located at 252 E Broad St Elyria, OH.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Turn key space ideal for medical users; - Excellent freestanding location; - Significant parking with 35+ spots
    (216) 520-1200
    Request Owner's contact information
    252 E Broad St Elyria, OH 44035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    252 E Broad St Elyria, OH 44035
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